The foreign currency savings of residents in South Korea reached 22.23 billion U.S. dollars in August, down by 2.11 billion dollars from a month earlier, the country's central bank said Monday.
The Bank of Korea (BOK) attributed the fall to the decrease of export deposits as well as companies' withdrawal of money to cover import bills.
Savings in U.S. dollars fell by 1.37 billion dollars to 18.42 billion dollars while that of euro decreased 400 million dollars, posting 1.62 billion dollars, said BOK.
Deposit in Japanese yen also declined by 300 million dollars to1.82 billion dollars, the central bank added.
Source: Xinhua
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